The Nasdaq tumbled for a second straight session on Tuesday, and the S&P 500 also fell, as rising Treasury yields prompted investors to sell Tesla, Microsoft and other Big Tech names.
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Tesla Inc (Symbol: TSLA), where a total volume of 868,216 contracts has been traded thus far today, a contract volume which is representative of approximately 86
The Nasdaq lagged its Wall Street peers on Tuesday as rising Treasury yields weighed on major technology stocks, while gains in banks and energy helped limit losses in the S&P 500 and the Dow Jones.
What happened
Shares of electric car powerhouse Tesla (NASDAQ: TSLA) jumped by 2% through 9:45 a.m. ET Tuesday in early trading on the Nasdaq -- then lost it all, and then some. By 11:17 a.m. ET Tesla stock was in negative territory, trading down by more than 2%.
Wall Street's main indexes slipped on Tuesday, with the Nasdaq lagging the most as rising Treasury yields weighed on major technology stocks, while gains in banking and energy stocks helped limit broader market losses.
The auto industry is clearly shifting toward electricity, with every major automaker pushing hard in the electric vehicle (EV) space. However, it was Tesla (NASDAQ: TSLA) that really got the ball rolling on this front, and investors have clearly noticed.
Before housing prices skyrocketed, earning some extra money by buying a single-family home and becoming a landlord was attainable to those who saved enough to buy a rental property, or at least make the down payment on one. That world is fading, and fast.
Some of the blame goes
U.S. stock indexes were set for a sluggish start on Tuesday as rising Treasury yields weighed on major technology stocks, while bank shares extended gains as investors priced in early monetary policy tightening by the Federal Reserve.
LONDON (Reuters Breakingviews) - Providers of environmental, social and governance ratings are on notice. The International Organization of Securities Commissions on Tuesday said oversight of what has long been a notoriously opaque sector n
Ever since Lucid Group (NASDAQ: LCID) started delivering its first car, Air Dream Edition that beat the longest-range Model S from Tesla (NASDAQ: TSLA) by more than a 100 miles, all eyes were on Lucid first detailed quarterly report since it went public in July. Yet while the mar
Tesla founder Elon Musk on Tuesday delivered a stinging rebuke to Binance Chief Executive Changpeng Zhao on Twitter after the cryptocurrency exchange limited withdrawals of meme-based digital currency dogecoin.
U.S. stock index futures fell on Tuesday as rising Treasury yields weighed on major technology stocks, while bank shares extended gains as investors priced in an early policy tightening by the Federal Reserve.
The S&P 500 has risen more than 25% this year, but with the threat of interest rate increases next year and supply chain issues causing problems for many companies of late, it's understandable if you're worried about the possibility of a market crash in the near future. The c
What happened
Shares of Tesla (NASDAQ: TSLA) rose on Monday after CEO Elon Musk said the electric vehicle (EV) maker's Model S Plaid luxury sedan is likely to make its debut in China in March.
Do You Have These Top EV Stocks On Your December 2021 Watchlist?Electric vehicle (EV) stocks are among the most active stocks in the stock market today. By and large, this is mostly thanks to a variety of short-and long-term factors. For starters, investor hype around emerging na
The S&P 500 ended lower and the Nasdaq tumbled deep into negative territory on Monday after both earlier hit record highs following the announcement of a second term for Federal Reserve Chair Jerome Powell.
The markets kicked off a holiday-shortened trading week by celebrating the likely continuation of Jerome Powell as the Federal Reserve's chair, but the party streamers ran out by the closing bell.President Joe Biden did what pundits largely expected Monday, nominating Powell for
The S&P 500 ended lower on Monday after President Joe Biden picked Federal Reserve Chair Jerome Powell to lead the central bank for a second term, while Wall Street lenders rallied on the prospect of interest rate hikes in 2022.